Compare · 4 funds side by side · dividends reinvested

PIPE, PAVE, VOO and SMH

PIPEInvesco×PAVEGlobal X×VOOVanguard×SMHVanEck×

Story of the four · Growth5Y$10,000 five years agoDividends reinvested · all four on one scale$36,298SMH · best of the four

02 / 04

PIPE, PAVE, VOO and SMH, Ranked

Today

FundFeeYieldYTD1 year3 yrs · yr5 yrs · yrWorst dropVolatilityAssetsAvg rank

Invesco SteelPath MLP & Energy Infrastructure ETFThematic · Infrastructure0.75%4.11%+21.3%+27.0%[…][…]−10.7%17.4%$60M2.2

Vanguard S&P 500 ETFLow-Cost Core · S&P 5000.03%1.07%+11.3%+13.6%+22.0%+11.9%−8.9%13.7%$1.00T2.3

VanEck Semiconductor ETFThematic · AI & semis0.35%0.23%+35.3%+39.3%+50.1%+29.4%−33.1%43.1%$60.7B2.3

Global X - U.S. Infrastructure Development ETFThematic · Infrastructure0.47%0.81%+11.8%+12.8%+22.3%+14.7%−15.3%21.9%$13.0B2.9

Rank among the four1st → 4thFee, drop and volatility: lower ranks higherAvg rank: mean of the 8 ranks · 1 is best

End-of-day Nov 9, 2026 · returns include dividends · since: PIPE 2025 · PAVE 2017 · VOO 2010 · SMH 2011

Head to Head

Swap sides Versus in desk

Head to Head

Invesco SteelPath MLP & Energy Infrastructure ETF · $60M[…]

PIPE

PAVE

Global X - U.S. Infrastructure Development ETF · $13.0B$19,862

$10,000 five years ago, dividends reinvested · they hold 0.0% in common

PIPEMeasurePAVE

+21.3%Year to dateJan 1 → Nov 9+11.8%

+27.0%1 yearTotal return+12.8%

[…]3 years · per year$10,000 became […] · $18,295+22.3%

[…]5 years · per year$10,000 became […] · $19,862+14.7%

0.75%Expense ratio$75 · $47 a year on $10k · lower is better0.47%

4.11%Trailing 12-mo yield$411 · $81 a year on $10k0.81%

−10.7%Worst dropSmaller is better−15.3%

17.4%VolatilityLower is calmer21.9%

PIPEPAVE Winner of the row, in its colourEach row: the bigger of the two fills its side

5–1PIPE wins

End-of-day Nov 9, 2026 · returns include dividends · 3Y and 5Y figures are per-year returns

More Ways to See the Pairs

PIPE vs PAVE: Top 5 Holdings

Today

PIPE

32.6%in top 5

PAVE

in top 518.2%

PIPEStockPAVE

8.5%TRGPnot top 5

6.7%PAGPnot top 5

6.0%TRPnot top 5

6.0%WMBnot top 5

5.3%LNGnot top 5

not top 5FAST3.9%

not top 5EMR3.8%

not top 5DE3.7%

not top 5NUE3.5%

not top 5CRH3.3%

Held in common0.0%

End-of-day Nov 9, 2026 · share of each fund

PIPE vs PAVE Returns, Every Period

InvescoPIPE

+27.0%

past year

PAVEGlobal X

+12.8%

past year

PIPEPAVEFaded: behind in that period

2–0PIPE wins

End-of-day Nov 9, 2026 · dividends in · faded = behind in that period

Thematic vs Core: PIPE vs VOO

YTD

InvescoPIPE

+21.3%

VOOVanguard

+11.3%

+21.3%Year to date+11.3%

−10.7%Worst drop · 1Y−8.9%

17.4%Volatility · 1Y13.7%

4.1%Yield1.1%

$60.1MAssets$1.00T

2–2level

End-of-day Nov 9, 2026 · smaller drop and lower volatility win

Cost, Income and Risk

Fees: PIPE, PAVE, VOO, SMH

Today

0.03%lowest, VOO

FundExpense ratioFee$10k

VOO0.03%$3

SMH0.35%$35

PAVE0.47%$47

PIPE0.75%$75

End-of-day Nov 9, 2026 · fee on $10,000 a year

Yields: PIPE, PAVE, VOO, SMH

4.11%highest, PIPE

FundTrailing yieldYield$10k

PIPE4.11%$411

VOO1.07%$107

PAVE0.81%$81

SMH0.23%$23

End-of-day Nov 9, 2026 · trailing 12-month yield

Income After Fees on $10,000

$336most kept, PIPE

PIPE$411 − $75 = $336

VOO$107 − $3 = $104

PAVE$81 − $47 = $34

SMH$23 − $35 = −$12

KeptFee

End-of-day Nov 9, 2026 · yield in dollars minus the fee

Overlap: PIPE, PAVE, VOO, SMH

Today

18.8%most shared, VOO and SMH

PIPEPAVEVOOSMH

PIPE—0.0%0.4%0.0%

PAVE0.0%—2.6%0.0%

VOO0.4%2.6%—18.8%

SMH0.0%0.0%18.8%—

End-of-day Nov 9, 2026 · share held in common · outlined: the pair in versus

Return vs Bumpiness: 4 ETFs

+39.3%SMH, at 43.1% volatility

VOOWorst drop−8.9%13.7% vol

PIPEWorst drop−10.7%17.4% vol

PAVEWorst drop−15.3%21.9% vol

SMHWorst drop−33.1%43.1% vol

End-of-day Nov 9, 2026 · up and left is better

Paid More vs Made More

YTD

PIPESMH

+21.3%Year to date+35.3%

4.1%Yield0.2%

+27.0%Past year+39.3%

0.75%Fee0.35%

3–1SMH wins

End-of-day Nov 9, 2026

Popular Pairs Near These Four

SPYM vs SPY

YTD

SPDRSPYM

+11.3%

SPYSPDR

+11.2%

+11.3%Year to date+11.2%

1.0%Yield1.0%

$179BAssets$778B

1–0SPYM wins

End-of-day Nov 9, 2026

SOXX vs SMH

YTD

iSharesSOXX

+46.5%

SMHVanEck

+35.3%

+46.5%Year to date+35.3%

0.33% · $33Fee · on $10k a year0.35% · $35

$37.5BAssets$60.7B

2–0SOXX wins

End-of-day Nov 9, 2026

VOO vs IVV

YTD

VanguardVOO

+11.3%

IVViShares

+11.3%

+11.3%Year to date+11.3%

1.1%Yield1.1%

$1.00TAssets$875B

0–0level

End-of-day Nov 9, 2026